Paytm share price takes a nosedive! Find out why investors are panicking.
Paytm, the popular Indian digital payment platform, faced a massive setback in the stock market as its share price plummeted by 20% following the Reserve Bank of India's restrictions on Paytm Payments Bank. Investors witnessed a flurry of selling activity, driving the stock into a lower circuit. Despite the broader market rally, Paytm's shares remained under immense pressure due to the regulatory action.
In a statement, Paytm assured its users that the RBI's restrictions do not impact deposits in savings accounts, wallets, FASTags, and other services. However, the market sentiment remained bearish, leading to downgrades by notable brokerages like Jefferies, which slashed the target price for Paytm shares.
Analysts noted that the RBI's decision to bar Paytm Payments Bank from accepting new deposits after February 29, 2024, added to the uncertainty surrounding the stock. As the stock froze at the lower circuit, investors were left contemplating whether to buy, hold, or sell their Paytm shares.
With Paytm's stock price crash making headlines, the future remains uncertain for the fintech giant. Investors are closely monitoring the developments and waiting to see how Paytm navigates through this challenging period.
Stock market today: Following the Reserve Bank's restrictions on Paytm's payment bank, Paytm's share price today witnessed huge selling pressure.
Paytm, in a update earlier today, said it has been informed that the RBI move does not impact user deposits in their savings accounts, Wallets, FASTags, ...
Paytm Share Price Live: Paytm's shares dropped day after the Reserve Bank of India barred Payments Bank from accepting new deposits after February 29.
Paytm stock price went down today, 01 Feb 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.
Paytm share price BSE, RBI ban on Paytm Payments Bank: The Reserve Bank's action against Paytm Payments Bank follows a comprehensive system audit report and ...
RBI imposes restrictions on Paytm Payments Bank, leading to downgrades by brokerages like Jefferies. Jefferies cuts target price to Rs 500 per share, ...
Shares of Paytm are locked in a lower circuit of 20% after the Reserve Bank of India imposed restrictions on Paytm Payments Bank on Wednesday, ...
Paytm Share Price: आज सुबह खुलते पेटीएम के शेयर का भाव औंधे मुंह गिर गया. वन97 कम्युनिकेशंस यानी पेटीएम (One 97 Communications Ltd) को ...
Paytm Share Price Today: पेटीएम के शेयरों में गुरुवार (1 फरवरी 2024) को 20 प्रतिशत का लोअर सर्किट लगा है। इस बड़ी गिरावट के बाद कंपनी के ...
Paytm shares were down 20 per cent after the Reserve Bank of India took regulatory action against Paytm Payments Bank Limited.
Shares of Paytm, owned by One 97 Communications, crashed 20% on BSE after the RBI directed Paytm Payments Bank to halt new credit and deposit operations.
Paytm Share Price: रिजर्व बैंक के एक्शन के चलते फिनटेक कंपनी फोकस में है. इसका असर बाजार खुलते ही शेयर पर देखने को मिल सकता. सख्त ...
Paytm stock price went down today, 31 Jan 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.
RBI barred the Payments Bank from taking deposits in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, ...